Thu, Oct 30, 2014, 10:05 AM EDT - U.S. Markets close in 5 hrs 55 mins

Recent

% | $
Quotes you view appear here for quick access.

Velti plc Message Board

  • betasplen1 betasplen1 Aug 29, 2013 10:13 AM Flag

    Example of BK bounce

    I forget who was asking. Look at ECTY. Management already said they have to file bankruptcy as they can't fund 2H13 operations - stock was 14 cents earlier this week and now 35 cents. I got off too early at 23 cents but just an example that crud floats adn that didn't even have any significant short position to start with. VELT is FAR from bankruptcy (explained a dozen times already -so don't ask why..again). Management is selling off non-productive lines and bringing costs in line with revenue. They are heading to the best part of the year in terms of revenues and profits. Daily volume is now under 1.5M. That means, it will take 12 days for shorts to cover on their trading volume alone (and not even counting the naked shorts from last week). If this can be 'controlled' by the multi-alias kaboom boy - even just a 10% increase daily on average will lead to a triple ($1) in 12 trading days. But, I am not impressed with kaboom so far. Love to be proven wrong though...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Look at bankrupt ECTY go! It has tripled in 3 days after a couple of weeks in the gutter on no news. Agreed it has a much smaller float. But it is going bankrupt for crying out loud. And it does not even have a significant short position. I brought my VELT average down to 46 cents today - trying to keep it within striking distance! The free float is probably quite thin here as well if those who bought in the 30s just hold on. Somebody was buying the shares that were sold down here. Let's see one of the 7 catalysts come into play in the next month to start the action. But it could happen with no news as well, like ECTY...

    • I dont think they go bankrupt, howvever the stock price may be stuck with all the lawsuits jumping in...

      Sentiment: Hold

    • Have you ever thought about the possibility that POS can also go to 14 cents before bouncing to 23 cents.

      • 1 Reply to fooledbyrandomness4
      • fooled, you have accused me of mindless pumping and destroying other posters' portfolios. Even the unfortunate posters you quoted have not accused me as such. I am done responding to you. But if others really had that concern, 54M shares have traded above 33 cents since the gap down on Aug 21. The float is 72M. About 20% is held by insiders and let's say half the institutions held or about 18%. 38% of 72M is 27M. 54+27 = 81M shares or more than the float. It has churned beyond reason and the volume is tapering off. If you are logical, then you should know your question is silly. Later...

    • KUDOS to you Beta
      I spoke with two company employees and IR on Tuesday and they all said that "Bankruptcy" is not on the table as they are going to restructure and place the company on solid footing once Mobclix is sold and disposed. And they have the backing from several institutions and HSBC.

    • the vicious trade behind EDGX is holding this down with the black box trading algorithms

      SOMEONE NEEDS TO UNPLUG THEIR COMPUTER TERMINAL
      But I see that someone like Kaboom Dude has been taking out all of EDGX road blocks which is a good sign for higher prices ahead.

      Great post BETA!

 
VELT
0.0626-0.0094(-13.06%)Dec 13 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.